CandleFocus Massive BTC Sell-Off: Whale Sheds 2,019 BTC ($141.5M) as Prices Slide
2024-11-02
Author: Content Editor
A Bitcoin whale, one of the largest holders of BTC, recently moved 2019 Bitcoin, worth $141.5 million, to its cold wallet. This comes after a series of significant sell-offs by the whale following a decline in Bitcoin's price. Since October 1, the whale has sold a total of 5,506 BTC, equivalent to around $366.9 million, and currently holds 4,980 BTC, worth approximately $345.5 million. Lookonchain data suggests that the whale engages in panic selling whenever there is a dip in the price. This has attracted attention from the Bitcoin community as these big investors can have a significant impact on the market. The Bitcoin market, however, remains healthy with a high trading volume. The short-term direction of the cryptocurrency is unpredictable due to the influence of whales' actions.
Related News
OpenEden’s TVL Drops by $30 Million Following Co-Founder’s Alleged Misconduct Chainlink Tops Developer Activity with 22.2K Contributions Jed McCaleb’s Stellar Network Set to Revolutionize Global Payments with $XLM Stablecoin Market Grew by $555 Million in October – Which Tokens Are Leading the Pack? Cryptocurrency Analytics Company Releases Critical Price Levels for Bitcoin, Ethereum and Solana Stablecoin supply alone won't pump Bitcoin markets — Ki Young Ju Analyst Foresees Pepe Coin Price Replicating DOGE's 2021 Rally Dogecoin Creator Supports Idea of Paying for X Merch With DOGE XRP and XLM: A Partnership Transforming Digital Finance FLOKI Faces Downside Risks: $0.000110 Support Level Under Scrutiny Bitcoin Dominates as Crypto Market Holds $2.33 Trillion in Value Where Do Kamala Harris and Donald Trump Stand on Crypto? What to Expect from Solana (SOL) in November 2024: Analysts Weigh In Bitcoin ETFs record total daily outflow of $54.94 million as BTC hovers at $69,000 ‘Tomarket’ Telegram Game Reveals Airdrop Allocations—But You Can’t Trade TOMA Yet AI predicts Solana price for year-end Here's Why Solana Price at $162 is "Cheap," SOL Could Hit $1,000 GRASS Token Soars After Major Airdrop Analyst Predicts Shiba Inu Price to End 8-Month Correction; Is $0.00004 Rally Close? Solana Headed For Correction Before Bounce – Analyst Sets $180 Target $USDT Lands on Aptos, Expanding DeFi Access to 30 Million Users Decoding Multisig Scams: How to Protect Yourself Trader or insider? Investor turns $58,000 into $7.5 million Ethereum Researchers Relinquish EigenLayer Roles Over Conflict of Interest Concerns BTC to $97,000? Peter Brandt Weighs In on Bitcoin Price INJ Price Struggles Amid Short-Term Bearishness, Recovery Sluggish Can SEI Token Compete with Solana? Bitcoin price prediction for November, according to BTC historical returns SHIB Price Prediction for November 2 Macro factors in Canada and US good for Bitcoin's price — WonderFi CEO Ripple CEO Says Institutional Interest in XRP is Stronger Than Ever Amid 21Shares XRP ETF Filing Cardano Price Mirrors 2020 Rally, Will ADA Hit $6? Ripple Price Analysis: is XRP About to Crash Much Lower Than $0.5? SEC Veteran Speaks Out on Ethereum-Based Immutable Wells Notice ‘Hamster Kombat’ Token Hits All-Time Low Price With Next Telegram Game Season MIA Bitcoin Is Surging—So Why All the Crypto Layoffs? Synthetix Expands: $USDx Fuels New Multi-Collateral Perps on Kwenta Toncoin Continues Narrow Trading Range Below The $4.00 Trump meme coin spikes 40% after ex-President’s Milwaukee rally goes wrong Analysis Company Makes Prediction for Bitcoin After the US Election: “Even If Donald Trump Wins…” Top-Performing Crypto Projects of the Month, A Close Look at Market Leaders Dogecoin Fan Elon Musk Taps Ron Paul For Dept Of Government Efficiency Is Dogecoin (DOGE) Still on Track to Top $0.5 This Cycle? Bitcoin Price Analytics: BTC Tumbles 3% Overnight but How Low Can It Go? What Happens When Shibarium Transaction Blowout Fizzles Out? From Record Hashrate to a 241% Onchain Fee Increase – Bitcoin Mining’s Big October Unpacked 3 Central Banks Forge New Path in Cross-Border Digital Asset Innovation Fewer Bitcoin Moves From Vintage Wallets in October—A Signal to Hold? Time for Trump (or Kamala) to pledge to buy 20% of the entire Bitcoin supply Pump.fun Moves $14.97M in SOL: Impact on Solana’s Price? Why Is Bitcoin Price Up Today? Bitcoin “bull-trap” alert: Is the path to $100,000 still open for BTC? Trump makes big promises about crypto in US — But can he deliver? SHIB Price Likely Bound for Correction Despite 10% Hike in October DOGE Price Prediction for November 2 BNB Bulls Eye Recovery After $1 Billion Quarterly Burn Shrinks Supply Michael Saylor’s MicroStrategy 1,652 BTC Shift Stirs Market: Details 'Bitcoin Is Hedge': Anthony Scaramucci on BlackRock's Buying Dip DePIN Network XYO Moves Its Token to Solana Algorand Recently Signed A Partnership With World Chess To Revolutionize The Chess Industry By Implementing Blockchain-based Solutions Beware: Ripple prepares for largest XRP monthly dump in 7 years Kemi Badenoch is the new Leader of the Conservative Party 3AC Founder’s Wife Sells $38.5 Million Singapore Mansion Despite Asset Freeze Let's Be Honest, Will Dogecoin Price Hit $1 in 2024? Giant Cryptocurrency Whale Started Accumulating This Memecoin! Buying For The First Time! How has VCs’ interest in crypto evolved? | Opinion AI sets date when Bitcoin will hit $100,000 Will Shiba Inu Price Reach $0.01 or $0.001 with a $10T Market Cap Shiba Inu Primed for a Strong 2025 as Top Platform Projects Rally to $0.0000495 Chainlink’s RoadToSmartCon Sparks 40+ Integrations and Industry-Shaping Releases Solana Price Prediction: SOL is eyeing $250 Expert Shares Realistic XRP Price Target for Coming Bull Run Massive BTC Sell-Off: Whale Sheds 2,019 BTC ($141.5M) as Prices Slide The gaming revolution: how cryptocurrency is reshaping virtual worlds This Week in Meme Coins: Dogecoin Rallies 20%, GOAT, MOODENG See Steep Declines Cardano to $3? Analyst Says Price Surge is Overdue Shiba Inu Could Go Parabolic as SHIB Lead Posts Mysterious ‘Growvember’ Message Polygon Slumps But Triggers Another Range Above $0.30 Tesla, AMD And Nvidia Show Higher Volatility Than Bitcoin In October 2024 What Will Happen to Sued Altcoins If SEC Chairman Changes After US Elections? Cardano DeFi TVL Shows Unusual Trend As Lace Wallet Gets Revamped Exodus crypto wallet and how to accelerate Web3 adoption thanks to ENS Shiba Inu Lead Exposes How Scammers Exploit His Engagement with SHIB Community Blum Gets Exclusive Investment from TOP in New Partnership to Fortify Its Status XRP Sees Longest Bollinger Bands Squeeze in History, Hinting at Possible Price Explosion Chainlink’s LINK: Poised for a Breakout, Analysts Prediction Ripple Highlights XRP Price, Volatility, Spot Volumes and Others in Q3 2024 Markets Report Bitcoin Transactions Hit Highest Levels in Months Pundit Outlines 5 Critical XRP Indicators “They Don’t Want You to See,” Showing XRP Uptrend Looms Here is How Much XRP Ripple Holds According to Its Latest Market Report Is AVAX set for a 12% rally? 74% of traders think so because… Crypto Analyst Issues Bitcoin Alert, Outlines ‘Must-Hold’ BTC Level Necessary To Keep Bull Dreams Alive MicroStrategy's Bitcoin Success Principles Revealed by Founder Michael Saylor US store chain Sheetz expands crypto payments via Flexa 'Rich Dad Poor Dad' Author Reveals Stunning Truth About ‘The Bitcoin Standard’ Cardano’s Awakening: Can ADA’s +4.13% Surge Continue Post-Chang Hard Fork? BTC ETFs Update: BlackRock Leads Inflows, Grayscale Faces Outflows, Fidelity, Ark, and Others Show Mixed Movements XRP Ledger (XRPL) Transaction Type Changing, Here's Why It Matters SafePal launches Telegram crypto wallet with Visa card support Thailand Arrests Police Officers Accused of Staging Fake Interrogation to Extort 165,000 USDT Microsoft Bets Big on AI with $10B CoreWeave Deal XRP Price Analysis: CTF Expands XRP Ledger with Amazon Token Rewards Crypto volatility may spike if US election is ‘too close to call’ —FalconX XRP Crucial Candlestick Pattern: Reversal Incoming? Can Bitcoin (BTC) Regain $70,000 Momentum? Ethereum (ETH) Doing Better Than You Think What happened in crypto this week? 9,500 Coinstar Kiosks Bring Crypto Closer to Millions of Americans Unprecedented Bitcoin Rally Looms With Crypto Market Poised for Record Highs Inside Cleanspark’s Move to Boost Efficiency With 3,800 Immersion-Cooled Canaan Bitcoin Miners IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns 9,500 Coinstar Kiosks Bring Crypto Closer to Millions of Americans Coinbase CLO Accuses FDIC of Anti-Crypto Campaign 750 US Convenience Stores Embrace Crypto: Sheetz Brings Digital Currency Payments to Mainstream Top 5 Meme Coins to Watch This Month Here are Projected Prices for Shiba Inu in 2025, 2030, and 2040 Bitcoin (BTC) Stopped at $71K, Cardano (ADA) Jumps 6% Daily (Weekend Watch) Self-proclaimed Satoshi Nakamoto faces contempt of court charges Algorand’s Bold Move: World Chess Partnership Propels Blockchain to 200,000 Daily Transactions What happened in crypto this week? XRP Crucial Candlestick Pattern: Reversal Incoming? Can Bitcoin (BTC) Regain $70,000 Momentum? Ethereum (ETH) Doing Better Than You Think Ethereum Futures See Bullish Sentiment: Will Funding Rates Rally? Coinbase Is Embarrassing Itself By Not Buying Bitcoin Bitcoin ETFs Gain $77.62M in Inflows as BlackRock Leads the Charge